Ask about TRUE DEX
Logo of TRUE DEXTRUE DEX
Total Value Locked$221,286.78

TVL by Chain

Solana$221,286.78

Key Metrics

Fees 30d$496,652
Fees 30d by chain

Off Chain$496,652

Fees 7d$198,262

Off Chain$198,262

Fees 24h$25,335

Off Chain$25,335

Cumulative Fees$496,652

Off Chain$496,652

Revenue 30d$496,652
Revenue 30d by chain

Off Chain$496,652

Revenue 7d$198,262

Off Chain$198,262

Revenue 24h$25,335

Off Chain$25,335

Cumulative Revenue$496,652

Off Chain$496,652

Perp Volume 30d$496.65m
Perp Volume 30d by chain

Off Chain$496.65m

Perp Volume 7d$198.26m

Off Chain$198.26m

Perp Volume 24h$25.33m

Off Chain$25.33m

Cumulative Perp Volume$496.65m

Off Chain$496.65m

Protocol Information

TRUE DEX is a perpetuals exchange on Solana: orders match on a high-throughput sequencer and every block settles on-chain through a ZK verifier program, so collateral is always held on Solana and every state transition is provable.

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Category:Derivatives

Methodology

TVL: USDC deposited as perpetuals trading collateral, read from the verifier custody token account on Solana.View code on GitHubFees: Taker trading fees: each market's taker_fee_ppm (0.1% on most markets) applied to that market's volume. Maker fees are not charged to takers and are excluded.View code on GitHubRevenue: All trading fees are collected by the protocol. Partner commissions and trader fee rebates are paid from the treasury after the fact and are not netted here.View code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHub

Competitors

Jupiter Perpetual Exchange ($753.33m)GMTrade ($28.71m)Pacifica Perps ($25.3m)BULK ($9.7m)TurboFlow Perps ($6.3m)Bumpin Trade ($4.3m)Parcl V3 ($1.09m)FlashTrade ($921,724.13)Wasabi Perps ($654,381.82)Lavarage ($643,682.53)

Frequently Asked Questions

What is TRUE DEX's TVL?

TRUE DEX currently has $221,286.78 in total value locked.

What chains does TRUE DEX operate on?

TRUE DEX operates on Solana. Solana holds the largest share at 100%.

How much has TRUE DEX generated in fees and revenue?

Over the past 30 days, TRUE DEX generated $496,652 in fees. Of that, $496,652 was protocol revenue. Based on the trailing year, the annualized rate is $9.54m in fees and $9.54m in revenue.

How does TRUE DEX's TVL compare to similar protocols?

Among Derivatives protocols tracked by DefiLlama, TRUE DEX ranks #85 by TVL. The category holds $2.056b across 424 protocols, and TRUE DEX accounts for <0.1% of that total. Other leading protocols include Jupiter Perpetual Exchange, GMTrade, Pacifica Perps, BULK, TurboFlow Perps, Bumpin Trade, Parcl V3, FlashTrade, Wasabi Perps, and Lavarage.

How much perpetual futures volume does TRUE DEX process?

TRUE DEX processed $496.65m in perpetual futures volume over the past 30 days.